This week, I'm looking at NZDJPY with a bearish perspective, and here's my trade plan: 1. Bearish Shark Pattern Confirmation at 91.74: I'll be patiently waiting for the Bearish Shark Pattern to confirm at the level of 91.74. This level coincides with the formation of a Head & Shoulders pattern, adding confluence to the bearish setup. 2. Extended Trading...
This week, I'm leaning towards a shorting opportunity on EURUSD for a couple of reasons: 1. **Bearish Shark Pattern on Daily Timeframe:** The presence of a Bearish Shark Pattern on the daily timeframe suggests a potential downward movement in the price. 2. **Breakthrough of Bullish Gartley Pattern:** The Bullish Gartley Pattern on the 4-hourly chart breaking...
EURUSD is catching my attention, and here's my perspective: 1. Bearish Shark Pattern on Daily Chart: - For traders seeking shorting opportunities, there's a Bearish Shark Pattern on the Daily chart. - The completion of this pattern might indicate a potential bearish move. 2. Buying Opportunity at 1.0879: - Personally, I'm eyeing a buying opportunity on...
Today, let's delve into an intriguing setup on GBPJPY that combines a Weekly Chart RSI Divergence with a 1-hourly Bearish Shark Pattern: 1. Weekly Chart RSI Divergence: - Observe the RSI Divergence on the Weekly Chart, signaling a potential weakening of the bullish trend. - This divergence might serve as a precursor to a reversal or retracement. 2. 1-hourly...
Today, I'm excited to share a detailed approach for trading GBPUSD. If you're considering a short position, here's a comprehensive strategy: 1. 1-Hourly Chart: Shark Patterns at 1.2676 - Wait for Shark Patterns to complete at 1.2676 on the 1-hourly chart. - Look for a trading combo within the chart when the market retests the Trendline Break (red line). -...
In our EURUSD analysis, we are identifying a potential shorting opportunity for counter-trend traders. Here are the details: 1. Setup: Bearish Shark Pattern Retest 2. Timeframe: 1-Hourly Chart 3. Key Levels: - Retest Level 1: 1.0852 - Retest Level 2: 1.0874 The Weekly Chart suggests a weaker bull trading setup, and on the 4-hourly chart, a bearish trend is...
In our NZDJPY analysis, we are observing a potential shorting opportunity on the 1-hourly chart. Here are the details: 1. Setup: Bearish Shark Pattern Retest 2. Timeframe: 1-Hourly Chart 3. Key Level: - Entry Point: Bearish Shark Pattern Retest at 92.07 The Daily Chart reveals a Bearish Gartley Pattern at X with RSI Divergence, suggesting a potential bearish...
Let's delve into the EURUSD trading plan for the upcoming period. The weekly chart suggests a weaker bull trading setup, signalling a bullish trend with some weakening. However, the four-hour chart paints a different picture, displaying a bearish trend. Here's the comprehensive trading plan: 1. Weekly Chart: Indicates a weaker bull trend. 2. 4-Hour Chart: A...
GBPAUD is pushing above the range resistance and into the PCZ of a Bearish Shark with elevated volumes, at the same time there is a Bearish Gartley formed on the RSI and the RSI is setting up to breakdown while in the overextended zone. I think we will likely see the AUD take back dominance for a few months in many of its pairs, particularly in the GBPAUD and...
Despite a strong bullish candle, the presence of a Bearish Shark Pattern retest on USDJPY is intriguing. However, the trader advocates waiting for further confirmation to engage in a shorting opportunity on USDJPY, treating it as a retracement trade. What's your take on the potential trade for USDJPY?
Bitcoin is at 42.8k and still trading within the premises of BULL FLAG pattern... Which in my opinion is a good range to trade but we may see some volatility hitting market soon maybe in the upcoming days or weeks... What do you think will BTC touch that lower zone? Which is around 34-36k zone Drop your opinion below.. I will read all
An amazing Bearish Fib-3 Bat with RSI Divergence has surfaced on the CADJPY 1-hourly chart. While some may see this as a great counter-trend trading opportunity, others might interpret it as a warning sign and choose not to engage. But here's the twist - it's a Combo Trade. On the Weekly Chart, there's a Bearish Shark Pattern Retest, accompanied by a Type2...
The USDJPY's Weekly chart is showing signs of a potential Head and Shoulders formation. While engaging directly on the weekly chart might be considered risky, what if we use a Combo Trade Management strategy? There's a Bearish Shark Pattern on the Daily chart, and we might witness a formation of a Bearish Deep Gartley Pattern on the 1-hourly chart, providing...
EURUSD is exhibiting a sideways movement on the weekly chart. Here are two potential trade opportunities: 1. Buying Opportunity: - Wait for a retest of support at 1.0847 for a potential buying opportunity. 2. Shorting Opportunity: - Look for a shorting opportunity on the Bearish Shark Pattern at 1.0893. What's your preferred trade plan for EURUSD?
CADJPY is displaying a confluence of bearish patterns: 1. Weekly Bearish Shark Pattern: - Retest in progress. 2. Daily Type2 Bearish Gartley Pattern: - Completion aligns with the Bearish Shark on the weekly. The trader plans to wait for a confirming candle on the daily chart near the level of 110.37. Share your insights and trade plans for CADJPY!
USDJPY is showing promise with a potential Head and Shoulders pattern on the Weekly Chart. Here's the game plan: 1. Awaiting Bearish Shark Pattern Confirmation on Daily Chart: - Patient approach for a comprehensive setup. 2. Early Trading Opportunities on 15-Minutes Chart: - Spotted Bearish Bat and Bearish Gartley Patterns. - Potential for quicker engagements...
GBPUSD is setting up for a potential combo trade. Keep an eye on: Bearish Shark Pattern: Timeframes: 15 mins and 1-hourly Completion: 1.2708 What makes this interesting is that both Shark Patterns have different starting points. Exercise patience and wait for candlestick confirmation. Share your insights and trade plans on GBPUSD!
If you're seeking shorting opportunities on EURUSD, I've got two potential setups for you. Remember, always wait for candlestick pattern confirmation before making your move. Bearish Shark Pattern: Look out for completion at 1.0917. Bearish Bat Pattern: This setup is more intriguing to me, as the Potential Reversal Zone (PRZ) aligns with the bearish...